Government Service Insurance System office in Pasay City. Mark Demayo, ABS-CBN News

MANILA -- The Government Service Insurance System (GSIS) is set to offer 'lite' loans to its members by October.

GSIS president and general manager Arnulfo Veloso said the agency will launch its Multi-Purpose Loan Lite, which will allow members to take out small loans ranging from P5,000 to P50,000.

“Para pong diet. Ito iyong kapag mayroon po kayong mga emergency na small amounts na kailangan po na mabayaran," Veloso explained.

(It's like a diet loan...this is for when you need a small amount for an emergency expense.)

The official said the loans have a term of up to one year.

"Mabilis at puwede na rin pong mapunta sa account nila agad-agad,” he said.

(This is fast and can get to your account right away.)

Veloso also said GSIS is developing several of its vacant properties for government housing.

In a televised briefing, Veloso said that the GSIS will build a set of 3 high-rise condominium buildings in Fairview, Quezon City and in Cogeo, Antipolo.

"Nakita ko na ang plano, ipapa-approve pa – nakita ko lang, prinisenta sa akin noong aming team...na mayroon po tayong size na 55 square meters na para po maibigay sa ating mga mamamayan. Ito po ay ipapagawa pa lang po natin.”

(I saw the pans, these are still for approval...our team showed us that we have sizes of 55 square meters that we can give our people. These are still for construction.)

Veloso also shared that the GSIS has already digitized almost 99 percent of its services. 

Veloso says among their digitized services is the Annual Physical Identification Revalidation (APIR), which would allow retirees to revalidate their pensions through their mobile phones, saving them the inconvenience of going physically to GSIS offices.

“Aba ay sa pamamagitan ng mobile phone, magsi-selfie ka, malalaman na po natin kung kayo po ay mari-revalidate,” he said. 

“With the use of technology, kahit na iyong nagkaroon na ng sakit, hindi po nila magalaw nang masyado ay nakukuha po, accurate po na nakukuha ang kanilang—nari-revalidate po natin.”

(Using a mobile phone, retirees can take a selfie and these can be used for revalidation. With the use of technology, even those who are sick can get revalidated.)

He also said that they have partnered with payment gateways like PayMaya, through which their members can now pay using their mobile phones. 

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